Endurance Energy raises $54M for ocean geothermal power

Endurance Energy, founded by SpaceX alumni, has secured $54 million in Series A funding to tap into deep ocean geothermal energy. The startup aims to harness terawatts of power, addressing the surging energy demand from AI data centers and electric vehicles. Unlike traditional geothermal methods requiring deep drilling on land, Endurance plans to utilize tectonic plate boundaries in the ocean, a more accessible and potentially vast energy source. The funding will support the development of power plants, tackling challenges like underwater operations and saltwater corrosion, drawing on expertise from the oil and gas industry.